Bitcoin Price Rebound Fuels $2.84 Billion Influx into US Spot ETFs
Bitcoin's recent price recovery has been accompanied by a significant turnaround in investor flows into US-listed spot Bitcoin ETFs.
The funds have erased a $5.8 billion deficit recorded earlier this year and have now moved into positive territory, with nearly $800 million in net inflows for the year, according to SoSoValue data.
One of the biggest signs of the recent turnaround has been the funds' six-day winning streak, which attracted $2.84 billion over the past six trading days, as per CryptoProwl report.